What is the Extension of Auto Warranty Means?
An extended auto warranty is basically a servicing contract that extends above the date of the warranty coverage card provided by the manufacturer. This coverage is for vehicle repairs and replacement.
In this blog post, we will discuss the important things you need to know about auto warranties that are extended.
How Do the Extended Auto Warranties Basically Work?
At the core, these warranties are optional vehicle repair and service contracts. And they are usually provided by:
- The manufacturer
- The dealer from whom the car was purchased or leased
- An independent provider of the warranty card – who charges extra on top of the original price of the car, and the warranty extends to a specific period of time
It’s normal for car owners to purchase an extended warranty when buying a new car. It’s also called a vehicle service contract as both terms are used interchangeably.
Car owners know that the different issues that occur in the functioning of cars are not covered under the manufacturer’s warranty.
Some services like the replacement of tires and regular changing of the oil are not included in the warranty provided by the manufacturer.
Let’s now discuss the benefits of extended warranties.
Cars are Complex to Deal with
We know that technology is changing at such a rapid pace that it’s hard to keep up with the advancements. The car that was launched 5 years ago has a very different set of technologies used in it as compared with a car that’s being produced currently.
Today there is so much technology involved in the functioning of cars that drivers often become confused. There are even features that remain unused by car owners because it’s quite an overwhelming thing to use all of them.
While the advancement in the number and quality of features is a good thing – but it also has a downside – which means more complexity and a higher risk of system breakdowns.
Such breakdowns result in more visits for servicing and repairs, which increase the costs of maintenance.
But, with an extended warranty for the vehicle, one can cover the extra costs to be on the safe side.
Satisfaction of the Owner
Nothing matches the feeling of being covered by an extended auto warranty that ensures that your car or bike-related repair, bike fitting, and service needs will be catered to throughout your ownership journey.
The car owner has a sense of relaxation that they can bring their vehicle to the dealership they bought the vehicle from.
This way, the vehicle owner can take true advantage of the relationship that is already made with the dealership. This way, an unmatched quality of service is achieved.
Enhanced Value of the Vehicle
With time, the value of the vehicle only increases because of the regular maintenance it receives from certified technicians. When someone wants to buy a used vehicle, they prefer the one that has been through regular technical maintenance and servicing. This is the hidden benefit of an extended warranty that most car owners do not realize in the beginning.
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